Bitcoin News Today: Anchorage Digital Acquires 10,141 BTC in $1.19 Billion Move Ahead of Stablecoin Launch

Anchorage Digital has executed a $1.19 billion Bitcoin acquisition, accumulating 10,141 BTC through a discreet nine-hour operation involving multiple wallets and counterparties. This move is seen as a strategic maneuver to minimize market impact, with Bitcoin’s price showing minimal volatility, dipping only 0.25% during the week of the purchase. The firm’s approach—averaging over 1,100 BTC per hour through over-the-counter trades—demonstrates a sophisticated understanding of institutional-grade market execution [1].

The acquisition aligns with Anchorage Digital’s broader ambitions in the stablecoin space, particularly through its partnership with Ethena Labs to launch the USDtb stablecoin under the GENIUS Act framework. This initiative positions the firm at the forefront of federally compliant digital dollar projects, with COINOTAG sources highlighting it as a key step toward regulated innovation in crypto finance. The firm’s role as a federally chartered crypto bank reinforces its influence in shaping the digital asset infrastructure within the U.S. financial system [1].

Anchorage Digital is not alone in building large-scale Bitcoin positions. Similar to other institutional players such as Strategy, Anchorage’s accumulation reflects a broader trend of institutional confidence in Bitcoin as a reserve asset. This trend supports the cryptocurrency’s growing acceptance in diversified institutional portfolios, with Anchorage offering regulated custodial services tailored for large-scale crypto holdings. The firm’s ability to execute a large purchase without significantly affecting Bitcoin’s price further underscores its role as a key player in institutional-grade crypto markets [1].

The significance of this acquisition extends beyond market execution and into the broader implications for stablecoin development. With Anchorage Digital leveraging its Bitcoin reserves to back the USDtb stablecoin, it is positioning itself to become a central figure in the next phase of digital dollar innovation. This aligns with federal regulatory efforts to ensure compliance and stability in the digital asset ecosystem, particularly under frameworks like the GENIUS Act. The move suggests a growing convergence between traditional finance and crypto, with regulated stablecoin issuance expected to play a critical role in this transition [1].

Anchorage Digital’s actions signal a shift in how institutional investors are approaching the crypto market. The firm’s ability to execute a large Bitcoin purchase with minimal price impact highlights its expertise in managing large-scale transactions. This is particularly relevant as more institutional players look to enter the market with confidence, knowing that robust custodial and execution services are available. The acquisition reinforces Bitcoin’s role as a strategic reserve asset, with Anchorage providing the infrastructure to support its adoption at scale [1].

Source: [1] Anchorage Digital Possibly Positions Bitcoin Holdings Ahead of Stablecoin Market Entry August 1, 2025 (https://en.coinotag.com/anchorage-digital-possibly-positions-bitcoin-holdings-ahead-of-stablecoin-market-entry/)